Solar Power Cost Trends Steadily Improving
Solar power has been around for a long time. And the only reason that more people haven’t gravitated towards it are that the installation and maintenance costs have been too high.
Solar power cost trends have gone down since the seventies and continue to go down every year as more and more companies are determined to lead the way in the relatively new-old field of solar power. The standard to determine solar power cost trends is called the cost per watt. In 1982, the cost per watt was $27. In 2003, this has dropped to $4. This is expected to drop even further.
With newer solar technology already in the pipeline, it is only a matter of time before the cost of solar technology results in a massive shift from fossil fuels.
